Cape Verde: Selected Issues and Statistical Appendix

September 6, 2005

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Cape Verde: Selected Issues and Statistical Appendix, (USA: International Monetary Fund, 2005) accessed November 21, 2024

Summary

The Selected Issues paper and Statistical Appendix on Cape Verde review determinants of emigrant deposits (ED). EDs have provided a substantial source of foreign exchange to the Cape Verdean economy, and have been vital in maintaining the fixed exchange rate. Prospects for growth in Cape Verde are improving and immigration legislation abroad is tightening. Both trends argue against further accumulation of ED. Among the developments in favor of ED, of considerable importance is their past stability, the limited convertibility of deposits, the favorable business outlook, and the stable political climate.

Subject: Financial institutions, Money, Population and demographics

Keywords: Banco Totta de Cabo Verde, Bank, Banking system, Commercial banks, CR, Credit, Deposit, ED flow, Emigrant deposit, Emigrant savings deposit, Europe, Global, ISCR, Lending rate, Loan, Loans, Migration, Rate, Return on equity, Sub-Saharan Africa

Publication Details

Pages:

80
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/319
Stock No:

1CPVEA2005004
ISBN:

9781451956092
ISSN:

1934-7685

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